Featuring Live & Online Simulcast Bidding
$175,000 Opening Bid
3 BEDROOM RANCHER
1305 VAN BUREN DRIVE
Anne Arundel County, MD 21403
Online Bidding Opens
MONDAY, APRIL 26, 2021
Live Auction Begins
FRIDAY, APRIL 30, 2021
AT 11:00 A.M.
NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.
1305 Van Buren Drive is located in the Eastport area of Annapolis, south of Spa Creek, west of Bay Ridge Avenue, north of Hilltop Lane and east of Truxton Park. The surrounding Colony Hills neighborhood is comprised of single family homes, built in the 1960s. Many have been renovated and expanded. Nearby public schools are Eastport Elementary, Annapolis Middle and Annapolis High, according to the Anne Arundel County online school locator. The home is less than one mile from Downtown Annapolis. Dining, shopping and community services are nearby.
0.23 acre, fronting 77.5′ x 130′, bordering a green space in the rear. Plat
All public utilities
Zoning – single family residential
Two-car concrete driveway
Fenced rear yard
One story ranch home, built in 1964, containing 1,307 square feet of first floor living area and 1,307 square feet of basement space. The home has been occupied by the same owner since 1967.
Exterior – brick and wood siding, full concrete block foundation, double-hung and sliding windows, composition shingle roof, rear wooden deck
Mechanical – gas forced air heat, central air conditioning, Generac gas generator, 200-amp. electrical service, 40-gallon gas water heater
The house needs updating and cosmetic repairs.
The property is in fee simple and sold free and clear of liens. Anne Arundel County Deed Book MSH 2071, Page 201.
Published annual real estate taxes are $4,250, based on a full value assessment of $320,600.
Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: Assessment Appeal Process.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $20,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price by 11:00 A.M., Monday, May 3, 2021, at the Auctioneer’s office. If purchased by an online bidder, a 10% deposit by wire transfer or cashier’s check is due at the Auctioneer’s office by 4:30 p.m. on the day of auction. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract and assumed thereafter by the purchaser. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. If the Seller is unable to convey good and marketable title, the purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law. Time is of the essence.
No buyer’s premium
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